# What are the current 2026 rules for insured 30-year amortizations?

> Effective December 15, 2024, 30-year amortizations are available for all First-Time Home Buyers (FTHBs) and all purchasers of New Construction homes, even with less than 20% down.

Category: Purchasing
Last verified: 2026-04-14
Source: https://ratellow.com/faqs/purchasing/what-are-the-current-2026-rules-for-insured-30-year-amortizations

## Answer
### Data Summary

- Property Type: Any for FTHB; New Construction for all.
- Down Payment: Minimum down payment is 5% on first $500,000 and 10% on portion between $500,001 and $1,500,000
- Insured Cap: Up to $1.5M purchase price.
- Strategy: Essential for buyers in Toronto/Vancouver where GDS limits are tight.

## Related guide
- https://ratellow.com/guides/amortization-25-vs-30-years

## Sources
- BANKOFCANADA — https://www.bankofcanada.ca/2025/07/staff-analytical-note-2025-21/#Introduction